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NoGrowth Corporation currently pays a dividend of $0.42 per quarter, and it will continue to pay this dividend forever. What is the price per share
NoGrowth Corporation currently pays a dividend of $0.42 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 18.7%? The stock price is $(Round to the nearest cent.)
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
